Nigeria is missing out on over $7 billion yearly by neglecting the global seafaring market, experts say. Countries like the Philippines have turned seafaring into a major export, training thousands of workers and earning huge foreign income.
For Nigeria, poor training facilities and the absence of a strong national shipping fleet remain big challenges.
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Many Nigerian cadets struggle to get jobs abroad because their certifications are not globally recognised.
Stakeholders believe fixing these gaps could unlock a new economy for SMEs in shipping, logistics, training, crewing, and supply services. With the right investment, seafaring could create jobs, grow small businesses, and boost Nigeria’s GDP.
